Today's picks: From Tata Motors to Cipla, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Tata Motors and Cipla

Nifty       

Current: 10,593 (fut: 10,610) Target: NA

Stop-long positions at 10,525. Stop-short positions at 10,690. Big moves could go till 10,475, 10,750. Trend seems negative but dependent on the RBI review. A long 10,500p(87), short 10,400p (60), could gain 15-20 if the index falls till 10,525. 

Bank Nifty       

Current: 26,251   (futures: 26,260) 

Target: NA  

Stop-long positions at 26,100. Stop-short positions at 26,400. Big moves could go till 25,800, 26,700. Trend depends on the RBI policy. Expect higher than normal volatility.

Tata Motors           

Current price: Rs 285 

Target price: Rs 277

Keep a stop at Rs 289 and go short. Add to the position between Rs 279 and Rs 280. Book profits at Rs 277.  

Cipla    

Current price: Rs 542  

Target price: Rs 552

Keep a stop at Rs 536 and go long. Add to the position between Rs 548 and Rs 551. Book profits at Rs 552.
 

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Target prices, projected movements in terms of next session, unless otherwise stated